Over 80 billion in losses. Preparing to go public

Anthropic's net loss surged from $13 billion in early 2025 to $80.7 billion in the same period this year, primarily due to accounting adjustments on convertible bonds. Despite these losses, the company's revenue rose by 45% in Q3 2026, reaching $16.8 billion. Anthropic has committed to spending at least $518 billion over the next decade on cloud services and infrastructure. The upcoming IPO in November is seen as a critical test for investor sentiment in the AI sector, especially with OpenAI's potential market entry next year. Previous losses included a $42 billion net loss in 2025, largely from similar accounting issues, with an operational loss of $8.1 billion against $4.6 billion in revenue.